NatWest is offering customers a £200 cash bonus for switching their main current account to the bank starting this week. The promotion, effective from May 6, provides an opportunity for customers to become significantly better off.
How to Qualify for the £200 Bonus
To receive the £200, customers must open a NatWest Select or Reward current account, complete a full switch using the Current Account Switch Service, and log into the NatWest mobile app. Additionally, they need to deposit £1,250 into the account within 60 days. The £200 cash bonus will be paid within 30 days of meeting all conditions.
NatWest, which has branches in Birmingham, emphasizes the ease of the process. The bank stated: "Making the move couldn't be easier with the Current Account Switch Service, which can be accessed online or via the NatWest mobile app. Existing payments, such as direct debits and standing orders, are automatically transferred to the newly opened account within seven days."
Expert Comment and Additional Benefits
Chris McGuinness, Switching Expert at NatWest, commented: "We know customers want banking that delivers real value and makes managing money simple. Our latest switcher offer is our way of welcoming customers to NatWest for their everyday banking, with a straightforward, stress-free switch through the Current Account Switch Service."
For families, NatWest offers a free Rooster Card subscription for children on both Reward and Select accounts. Rooster is a prepaid debit card and pocket money card that helps children develop good money habits early. Customers choosing a Reward account also receive £36 back per year.
Existing customers who have previously held a NatWest or RBS current or savings account are not eligible for this offer. Full terms and conditions are available online or via the NatWest mobile app. The £200 bonus is paid within 30 days of completing all required steps.
